Health policy and economic analysis care.

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What is health policy?

Health policy refers to the decisions, plans, and actions that are undertaken to achieve specific healthcare goals within a society.

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Categories of health policies.

There are many categories of health care policies. Some of the health policies include:

  • Global health policy.
  • Public health policy.
  • Mental health policy.
  • Health care services policy.
  • Insurance policy.
  • Personal health care policy.
  • Pharmaceutical policy and
  • Policies related to public health like vaccination policy and tobacco control policy.

Process of creating a health policy.

  1. Evaluate regulatory and accreditation standards.
  2. List out procedure steps.
  3. Include assessable goals.
  4. Use common and easy-to-understand language.
  5. Assess policy drafts.

Importance of a health care policy.

  • Provides standardization in daily operational activities.
  • Helps to improve the efficiency and productivity of a health care facility.
  • It ensures no breaching of any regulations.
  • Sets a plan of actions that are used to guide desired outcomes and is a fundamental guideline to help make decisions.
  • It also communicates to employees the desired outcomes of the organization.
  • Health care policies help employees to understand their roles and responsibilities within a health care organization.
  • It also sets the foundation for the delivery of safe and cost-effective quality care.

What is a health policy analysis?

Health policy analysis is the process of identifying possible policy options that could address your problem and then comparing those options to choose the most effective, efficient, and feasible one.

Importance of a health policy analysis.

Conducting a health care policy analysis ensures that you have gone through a systematic process to choose the policy option that may be the best in your situation.

How to conduct a health policy analysis.

1.       Research and identify possible policy options.

This can be done by reviewing research literature, conducting an environmental scan, and surveying best practices to comprehend what other communities are doing.

2.       Describe the possible policy options.

While you are conducting policy analysis, pay attention to health impact, cost of implementation, and the feasibility of each option.

3.       Rank the possible policy options and pick one that you think is best.

After you have described the possible policy options, compare those policy options for health impact, economic and budgetary impact. Afterward, rank each one of your policies on those criteria. Then you can choose which performs the best among all your health policies.

What is an economic analysis?

An economic analysis is a process followed by professionals to comprehend how key economic factors affect the running of an organization, industry, region, or any other particular population group, with the purpose of making wiser decisions for the future.

Health services resources often become scarce. This is due to the increasing demand for health care services and the limited health service resources. Therefore, health professionals need to make choices of which health interventions to fund. Thus, economic analysis is essential for the provision of better health care services. Economic analysis in care or health economics solves this problem of scarcity of health care resources and the implicit requirement to make choices that will maximize the benefit accrued from their consumption.

Importance of economic analysis in health care.

Economic analysis in health care may be used to inform and fix issues of allocative efficiency, but because a value judgment is required, decision making will ultimately be up to clinicians, patients, politicians, and health care managers.

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